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MarcinO
Rep: 67
Posts: 5,506
Volatility has come back to Cable! [:-)]
The last week or two were pretty easy - buy a correction around European open and keep it for at least few hours. So far I see nothing to change this approach in terms of price action, however 1.37 is a small monster which combined with potential games around downsloping TL here may send the Pound down for some time.

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6b 2017 09 17 png
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MarcinO
Rep: 67
Posts: 5,506
So they faked downsloping TL on weekly TF and dropped Cable hard.
1.3440 seems a tough support and a 'target' for current move down.
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6b 2017 09 20 png
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rat89
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Posts: 7,015
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screen shot 2017 09 20 at 2 38 35 pm png

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screen shot 2017 09 20 at 3 15 36 pm png
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MarcinO
Rep: 67
Posts: 5,506
The last two days it paid off to buy Cable during (late) American session and hold overnight. Just an idea to consider after one closes current short position.
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rat89
Rep: 0
Posts: 7,015
aapl 60 - median line target hit....a bounce for a minor 2 wouldn't surprise me here


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screen shot 2017 09 22 at 11 35 01 am png